This is a rare opportunity to purchase a thriving, turn-key resort with strong financials, and room for expansion making it a must see.
Located on Big Stone Lake in northeast South Dakota on the border with Minnesota, this property sits on 16.5+/- acres of which 5.89 acres are being actively used for the resort and features 680 feet of fully developed lakeshore.
It currently operates as a full service, family oriented resort by the same owners for the past 24 years.
Services currently offered include:
The owner’s living quarters is a 2-story, 2300 sq. ft. home built in 2000 and features 4 bedrooms, 3 bathrooms, open kitchen/dining area, living room and family room.
Living on the South Dakota side of Big Stone Lake (bordering Minnesota) offers the buyer several advantages including: no personal income tax, less regulation on small business, making future development easier and lower cost of living so your income goes farther!
Local bank interested in financing a buyer that has 20 percent cash down. The resort qualifies for South Dakota Rural Development programs that will guarantee 80% of the loan.
There are more photos and information at www.schmidtslanding.com/sale.htm.
Contact Merlin Jeitz with Watertown Real Estate at 605-868-1687.
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